Harvard is the latest major institution to buy Bitcoin via regulated investment vehicles.
Ethereum surpassed the $4,000 mark for the first time since Dec. 9, 2024, trading at $4,050 on Aug. 8. Optimism surrounds the digital asset’s potential, with one analyst predicting that breaking past $4,000 could trigger a rapid move toward $5,000 — and possibly $10,000 by year’s end. ETH Reaches Key Resistance Level Ethereum (ETH) broke
Users say GPT-5 is slower, less engaging, and prone to errors despite OpenAI’s lofty promises.
Roman Storm, co-founder of Tornado Cash, was convicted for operating an unlicensed money transmitting business, raising significant concerns about the future of crypto regulation. Storm’s conviction marks a pivotal moment
Bitcoin Dominance (BTC.D) stabilizes, signaling an altcoin bull run start. ETHBTC pair showed significant movements pointing to ETH's upward momentum. Continue Reading: Bitcoin Dominance Shift Spurs Altcoin Surge The post Bitcoin Dominance Shift Spurs Altcoin Surge appeared first on COINTURK NEWS .
Donald Trump has decided that three finalists for the next Federal Reserve chair aren’t enough. Senior administration officials say the search has been widened to about ten possible choices. The fresh additions include former St. Louis Fed president James Bullard and longtime economic consultant Marc Sumerlin. They join a list that already had National Economic Council director Kevin Hassett, Fed governor Christopher Waller, and former Fed governor Kevin Warsh. Trump has put Treasury Secretary Scott Bessent in charge of running the process. According to WSJ, Bessent will meet every candidate first, narrow the field, and hand Trump a smaller list. Trump will then sit down with the finalists himself. He also said other senior advisers will be part of the decision. Bessent’s role is notable because Trump had considered him for the job, but Bessent told him he wanted to stay at Treasury. “I love Scott, but he wants to stay where he is,” Trump told CNBC earlier this week. Trump adds names despite saying finalists were already set The expanded search comes only days after Trump told reporters he was down to three finalists. At that point, he mentioned Warsh and Hassett as the main contenders. The current chair, Jerome Powell, finishes his term in May, but hasn’t said whether he’ll leave the Fed board entirely. If he stays, Trump might not get another seat to fill apart from Powell’s role. On Thursday, Trump also moved to fill an unexpected vacancy on the Fed’s seven-member board. He picked adviser Stephen Miran for the short-term role. If confirmed, Miran’s term runs until January 31, though he can remain until a replacement is approved. This type of shake-up in the candidate pool isn’t new for Trump. When picking a Treasury secretary in November, he had narrowed the field to Bessent and now-Commerce Secretary Howard Lutnick, then decided to meet more candidates, including Warsh, before picking Bessent. Some White House advisers had already suggested that a bigger range of candidates could be brought in, including people who hadn’t been mentioned in public. That is exactly what has happened with Bullard and Sumerlin now in the mix. Who the contenders are and where they stand Bullard left the St. Louis Fed last year to become dean of Purdue University’s business school. In 2019, he had recommended Waller, then his research director, for a spot on the Fed board. Trump later nominated Waller, and Bullard had said publicly he would take the Fed chair job if given the chance. Sumerlin’s background includes serving as deputy director of the National Economic Council after advising George W. Bush during the 2000 campaign. More recently, he has run his own economic advisory firm and crossed paths with Bessent in that role. Waller’s interview with Bessent happened two weeks ago. Some who have spoken with Bessent say Waller made a good impression. Others see him as unlikely to get the job. The search process is happening while some in Trump’s circle are pushing a strategy to undercut Powell’s influence well before his term ends. They argue the Fed’s real power isn’t just in setting rates or adjusting its balance sheet, it’s in sending signals that markets react to. The plan would be to name a “phantom Fed chair” months ahead of time, making Powell’s forward guidance irrelevant. Once Trump names his pick, more than 90% of the market reaction to Powell’s statements would disappear. Traders and investors would instead watch the incoming chair’s words. Powell’s term officially ends in May 2026, but in this scenario, his ability to steer interest rates could start fading immediately. And as far as markets are concerned, they already expect that shift to happen. Your crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites
BitcoinWorld GPT-5 Rollout: Sam Altman Addresses Crucial Challenges and User Feedback The launch of any groundbreaking technology is bound to have its share of initial hiccups, and OpenAI’s latest flagship, GPT-5 , has been no exception. Following its highly anticipated debut, users quickly voiced concerns during a Reddit Ask Me Anything (AMA) session with Sam Altman , the CEO of OpenAI. From performance woes to an infamous ‘chart crime,’ the community had plenty of questions about the new AI models , especially comparing them to the beloved GPT-4o. What Happened with the GPT-5 Rollout ? The excitement surrounding GPT-5 quickly turned into confusion for many users. During the AMA on the r/ChatGPT Reddit, a significant number of individuals reported that the new model felt ‘dumber’ or less capable than its predecessor, GPT-4o. This unexpected downgrade in perceived intelligence sparked widespread complaints. Sam Altman promptly addressed these concerns, attributing the issue to a malfunctioning real-time router system that was supposed to seamlessly decide which AI models to use for a given prompt. Altman clarified that this ‘autoswitcher’ was out of commission for a significant portion of the rollout day. This meant that users weren’t consistently getting the optimal model for their queries, leading to a diminished experience. He promised immediate interventions to improve the decision boundary, ensuring users receive the correct model more often. Furthermore, a commitment was made to enhance transparency, making it clearer to users which model is answering their query. This move aims to rebuild trust and provide users with better insights into the system’s operation. Will GPT-4o Return? And Double Rate Limits for ChatGPT Plus Users The user outcry for the return of GPT-4o was particularly strong during the AMA. Many ChatGPT Plus subscribers expressed a preference for the previous model’s performance, lobbying hard for its reinstatement as an option. Recognizing the community’s passion, Sam Altman acknowledged these requests, stating that OpenAI is actively ‘looking into letting Plus users continue to use 4o.’ This indicates a willingness to gather more data and understand the trade-offs involved in offering multiple high-tier AI models simultaneously. Beyond the model choice, Altman also announced a significant user-friendly update: ‘We are going to double rate limits for Plus users as we finish rollout.’ This is a substantial benefit, providing subscribers with significantly more prompts per month. This increase in capacity allows users to thoroughly explore and adapt to the new GPT-5 model without the worry of quickly hitting usage caps. It’s a proactive step by OpenAI to encourage adoption and learning, demonstrating a commitment to supporting its premium user base during this transition. Decoding the Infamous OpenAI ‘Chart Crime’ Amidst the serious discussions about model performance, a lighter but equally memorable moment from the GPT-5 presentation quickly became a viral sensation: the ‘chart crime.’ During the live demonstration, the OpenAI team presented a wildly inaccurate bar chart. This chart depicted a lower benchmark score with a disproportionately taller bar, a clear visual misrepresentation of data that immediately caught the attention of sharp-eyed viewers. While Sam Altman did not directly address the chart during the AMA, he had already acknowledged the blunder on X (formerly Twitter) earlier, calling it a ‘mega chart screwup.’ The incident quickly became the butt of many jokes, with social media users quipping about the irony of an advanced AI model being involved in such a basic data visualization error. Even Simon Willison, a respected GPT-5 reviewer who generally praised the model, highlighted a related instance where turning data into a table was a ‘good example of a GPT-5 failure.’ This incident, while humorous, underscored the ongoing need for rigorous data integrity and presentation, even from leading AI models . Insights from Sam Altman : Navigating the Future of AI Models The Reddit AMA provided a crucial glimpse into OpenAI ‘s philosophy regarding user feedback and product iteration. Sam Altman ‘s direct engagement with the community, admitting to initial missteps and outlining corrective actions, highlights a commitment to transparency and continuous improvement. His promises to fix the router, consider GPT-4o’s return, and double rate limits demonstrate a responsive approach to user concerns. This iterative development cycle is vital for the maturation of complex AI models like GPT-5 . For users, these insights offer reassurance that their feedback is heard and acted upon. The rapid evolution of AI means that initial rollouts can be ‘bumpy,’ but OpenAI ‘s swift response suggests a dedication to refining the user experience. Altman concluded the AMA with a clear pledge: ‘We will continue to work to get things stable and will keep listening to feedback.’ This ongoing dialogue between developers and users is essential for shaping the future capabilities and accessibility of powerful ChatGPT tools. The recent GPT-5 rollout has certainly been a learning experience for both OpenAI and its user base. Sam Altman ‘s candid address during the Reddit AMA shed light on the initial performance issues, the strong user demand for GPT-4o, and even the humorous ‘chart crime’ incident. OpenAI is actively working to resolve these challenges, promising technical fixes, increased transparency, and enhanced user benefits like doubled rate limits for ChatGPT Plus subscribers. This period of adjustment underscores the dynamic nature of advanced AI models development and the critical role of community feedback in refining these powerful tools for widespread adoption. To learn more about the latest AI market trends, explore our article on key developments shaping AI models features. This post GPT-5 Rollout: Sam Altman Addresses Crucial Challenges and User Feedback first appeared on BitcoinWorld and is written by Editorial Team
Gold lost altitude fast. After Thursday’s record close at $3,491, futures eased to $3,530 on Friday. The move followed a White House line about an executive order to “clarify misinformation” on tariffs for gold bars and specialty products, as a White House official told CNBC. Crypto people get it: one policy hint and the tape twitches. The Swiss Precious Metals Association warned U.S. tariffs “may negatively impact the international flow of physical gold.” Its president, Christoph Wild, said : “We are particularly concerned about the implications of the tariffs for the gold industry and the physical exchange of gold with the U.S., a long‑standing and historical partner for Switzerland.” Switzerland is the largest gold refiner on earth, so this is not background noise for traders who hedge with metal. White House moves to clarify bullion tariff scope and costs President Donald Trump has a 39% tariff on Swiss exports to the U.S. This week, U.S. Customs and Border Protection clarified that 1‑kilogram and 100‑ounce gold bars are not excluded. The Swiss group added: “It must be noted that this clarification does not apply exclusively to Switzerland but to all 1kg and 100oz gold cast bars imported into the USA from any country.” That line matters to anyone planning to lift bars into New York for delivery. Gold has jumped 31% this year as investors looked for safety during trade and geopolitical stress. A tariff can lift prices further, but it also strains the logistics that keep the global market supplied. Gold bullion backs contracts on the Comex in New York, and a lot of those bars come from Switzerland. Add a tariff, and clearing a futures position the old way gets pricier. Joni Teves at UBS spelled it out. “Futures on Comex are often used to hedge positions with the assumption that traders can easily import gold into the United States to physically settle contracts if needed,” she wrote. “The tariff adds costs to this process, and with the bulk of refining capacity sitting in Switzerland which faces 39% U.S. tariffs, these costs would be quite high. There is still a lot of uncertainty around all this and until there is clarity, we expect the gold market and precious metals markets more generally to remain very nervous.” Traders price in tariff risk, watch New York–London split At the New York Stock Exchange on August 8, traders watched Gold pop about 1% and then give it back. That small, brief rise suggested some desks were betting the ruling could still get tweaked. Rob Haworth at U.S. Bank’s Asset Management Group said, “The market is waiting for more clarity. I think this is a market with significant questions about is this really what was intended?” That sounds right. Nobody wants to carry tariff basis risk into delivery month. While New York inched up, London was mostly flat. That left a growing New York premium for Gold. Ole Hansen at Saxo Bank said: “These developments raise serious questions about the ability of the NY futures markets to offer a stable and trustworthy trading environment that offers the best price discovery, one that increasingly appears vulnerable to being hijacked by Trump’s shifting tariff agenda.” If that premium sticks, flows can reroute, and open interest can migrate. Rob said the same thing in plainer terms: tariffs on gold imports would disrupt how the global trade is set up today. If foreign sellers must price a 39% hit, New York becomes less attractive for global investors. That would matter for Gold liquidity, for hedgers in mining, and for funds that roll futures against spot bars. This is not just a Wall Street headache. Gold shows up as coins, as jewelry, as bullion behind futures, and as retail bars sold at Costco. If the import ruling stands as clarified, the cost curve changes across that stack. A tariff can boost Gold prices at the screen yet squeeze physical throughput. It can also force refiners, shippers, and dealers to redo contracts and routes. For now, the core facts are simple. The White House says an executive order is coming to straighten the messaging. A U.S. agency has said 1‑kg and 100‑oz bars face tariffs. Gold is up 31% year‑to‑date. New York briefly ran a 1% blip, then cooled. Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free .
Court documents showed there was at least one 90-year-old, and some people had “set in stone” their opinions about the Tornado Cash co-founder’s criminal charges.
A crypto memecoin group has taken responsibility for throwing sex toys onto the court at multiple WNBA games over the past week, a new report from USA Today claims. Crypto Memecoin Collective Behind WNBA Sex Toy Incidents According to the August 8 report, an anonymous spokesperson for the memecoin collective —identified only by the X account @Daldo_Raine—told the outlet that the intention behind the stunts is to protest the crypto sector’s “toxic” environment. The report notes that the group created Green Dildo Coin as a joke last month, as small players in the crypto industry continue to face headwinds from bad actors in the digital assets space. The coin launched on July 28, just one day before the first incident occurred at an Atlanta Dream game at Georgia’s Gateway Center Arena on July 29. Two people have been arrested for throwing sex toys onto WNBA courts. Still, the group’s spokesperson told USA Today that their goal is not to disrespect or degrade female athletes. Sex Toy Stunts Face Backlash The incidents have sparked renewed discourse around the perception of women’s sports and the treatment of female athletes, particularly in the WNBA. It’s a stretch to argue targeting the WNBA wasn’t strategic and intentional with these recent sex toy-related incidents. Making a sex toy the focal point of games in a league that has perhaps the most openly gay and queer players doesn’t seem like an accident. pic.twitter.com/q8IbfFISor — The Athletic (@TheAthletic) August 7, 2025 “These women are still the subject of an occasional punchline,” The Athletic ’s women’s basketball managing editor Shannon Ryan wrote in an August 7 article. “While players are negotiating for higher salaries, they’re still fighting for their reputations to be respected as elite professional athletes.” “They have now had to be graceful and coolly navigate being unfairly thrust into an obscene moment,” she added. “Everyone’s trying to make sure the W’s not a joke and it’s taken seriously, and then that happens,” WNBA player Sophie Cunningham said on a recent episode of her “ Show Me Something ” podcast. “I’m like, how are we ever going to get taken seriously?” The post WNBA Games Disrupted by Meme Coin Crypto Protest Over ‘Toxic’ Culture appeared first on Cryptonews .